Delancey has submitted proposals to Islington Council to deliver a 200,000 sq ft science and technology building in London’s growing Knowledge Quarter and innovation district.
The scheme, which will have a GDV in excess of £400m, involves transformation of the brownfield site at 176-178 York Way in King’s Cross, N1, into 130,000 sq ft of research and laboratory space alongside 13,000 sq ft of affordable workspace. The remaining space will comprise mixed-use community and events facilities as well as flexible makers’ space.
The building, designed by architectural firm Kohn Pedersen Fox, will be able to adapt to changing market demand and accommodate a range of occupiers, with options to alter the proportions of laboratory and office space over time.
If approved, Delancey expects to begin work on site next year, with construction completed in 2028.
The submission comes after the conclusion of a consultation process in March.
Nathan Watt, development director at Delancey, said: “This is only the start of our journey, and we look forward to continuing our work with residents and Islington Council to bring these plans to fruition.”
Dan Dawe, investment director at Delancey, said: “Our current investment into King’s Cross is underpinned by strong underlying secular tailwinds that support the science and technology sector, and our strong belief that King’s Cross will be the pre-eminent real estate cluster in London for innovative science going forward.
“Our ambition is to offer a genuine point of difference in the market, while also ensuring that we rejuvenate a prominent area of Islington.”
CBRE has provided strategic advice on the site.
View other planning applications in the London Borough of Islington >>
Images © Kohn Pedersen Fox
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